Author: Derek Beard

Press Releases

Park Lawn Completes Acquisition of Ward

TORONTO, ONTARIO/July 17, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Ward Funeral Home Limited (collectively, “Ward”).  The Ward acquisition expands Park Lawn’s footprint in the Greater Toronto Area through the addition of three (3) stand-alone funeral homes located in Brampton, Woodbridge and Toronto, Ontario. “For over 100 years and four generations, our family has been serving the communities of the Greater Toronto Area with care and integrity in honouring the memories of their loved ones.  We are excited to join an organization that aligns with our values and prioritizes the service of families above all else,”

Park Lawn Corporation Responds to Market Rumours Regarding a Potential Acquisition of Carriage Services, Inc.

TORONTO, ONTARIO (June 29, 2023) – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn”, “PLC”, or the “Company”) today confirmed, in response to industry media rumors, that it has submitted a preliminary all cash proposal to the Board of Directors of Carriage Services, Inc. (NYSE: CSV) (“Carriage”) to purchase all of the outstanding stock of Carriage.  The proposal was made confidentially and subject to the completion of satisfactory due diligence and the negotiation and execution of a mutually satisfactory definitive acquisition agreement. The Company takes a disciplined approach to acquisitions with clearly defined strategic and financial criteria, and is committed to maintaining a prudent capital structure. Park Lawn has partnered with a large private equity firm and does not anticipate

Park Lawn Deepens its Georgia Presence

TORONTO, ONTARIO/June 26, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has completed the acquisition of substantially all the assets of Cobb Funeral Chapel and Cobb Suncrest Memorial Gardens, a business consisting of one on-site funeral home and cemetery located in Moultrie, Georgia (collectively “Cobb”).  “Park Lawn has further expanded its strategic growth in the southeast United States through the addition of Cobb.  The Cobb business has an exemplary reputation and has been a staple of its community for nearly fifty years.  We are excited to welcome the Cobb team to the Park Lawn family,” said J. Bradley Green, Chief Executive Officer of PLC.  “Since 1974, we have proudly served

Park Lawn Corporation Announces Second Quarter 2023 Dividend

TORONTO, ONTARIO – (June 23, 2023) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on July 17, 2023 to shareholders of record as at June 30, 2023. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less

Park Lawn Deepens its Presence in the Greater Toronto Area

TORONTO, ONTARIO/June 13, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Ward Funeral Home Limited, a business consisting of three stand-alone funeral homes located in Brampton, Woodbridge and Toronto, Ontario (collectively, “Ward”).  The Ward acquisition further expands Park Lawn’s geographic presence in the Greater Toronto Area and is anticipated to close in July, 2023.  “The Ward businesses have been a staple within the Greater Toronto Area for over 100 years and these well-established best-in-class funeral homes not only complement Park Lawn’s existing Greater Toronto Area presence, but also closely align with Park Lawn’s values,” said J.

Park Lawn Corporation Announces Q1 2023 Results

TORONTO, ONTARIO (May 11, 2023) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its financial operating results for the first quarter (“Q1”) ended March 31, 2023. Financial Results for the Three-Month Period Ended March 31, 2023[1]: J. Bradley Green, Chief Executive Officer of PLC, commented, “We are pleased with our operating performance from the first quarter as it demonstrates strength against a tough comparison under challenging macroeconomic conditions.  As the impacts of COVID-19 wane, our focus continues to be on implementing incremental improvements in our operations and making selective and strategic growth decisions that drive shareholder value. Overall, for the quarter, this strategy resulted in a slight increase in our average revenue per

Park Lawn First Quarter 2023 Financial Results Released on Thursday, May 11, 2023 and Earnings Conference Call on Friday, May 12, 2023 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (APRIL 28, 2023)  – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its first quarter financial results for 2023 on Thursday, May 11, 2023.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, May 12, 2023 to discuss its Q1 2023 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own

Park Lawn Completes Acquisition of Speaks

TORONTO, ONTARIO/April 10, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Carson-Speaks Chapel in Independence, Missouri; Speaks Buckner Chapel in Buckner, Missouri; Speaks Suburban Chapel in Independence, Missouri; and Oak Ridge Memory Gardens in Independence, Missouri (collectively “Speaks”).  The Speaks acquisition expands Park Lawn’s footprint in the Kansas City metropolitan market through the addition of three (3) stand-alone funeral homes and one (1) stand-alone cemetery. “After almost ninety years of leadership by the Speaks family, we are confident that partnering with Park Lawn will help take our organization to the next level of funeral service excellence.  We

Park Lawn Corporation Announces First Quarter 2023 Dividend

TORONTO, ONTARIO – (March 24, 2023) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on April 17, 2023 to shareholders of record as at March 31, 2023. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less

Park Lawn Expands into Iowa and Nebraska

TORONTO, ONTARIO/March 13, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has completed the acquisition of substantially all the assets of Meyer Brothers Funeral Homes, a business consisting of five stand-alone funeral homes located in Sioux City, Iowa, South Sioux City, Nebraska and Ponca, Nebraska (collectively “Meyer”).  The Meyer acquisition further increases Park Lawn’s geographic presence in the Midwest by adding businesses in Iowa and Nebraska.  “We are pleased to welcome the Meyer businesses into the Park Lawn family as they exemplify the characteristics of the premier independent operating firms Park Lawn seeks to partner with in its growth strategy.  These highly regarded businesses are a staple in their respective

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